The Limited Partnership (LP) business entity type is an interesting one and is useful in the right situation. To compare and contrast, an LP is valuable because it offers many of the same tax planning benefits as a general partnership or LLC, but also many of the same limited liability protections as a corporation. This post is…
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Business life insurance policies are common to an accountant, but I never knew the real-world application or benefit of them until recently. I got married this past summer and my wife and I started looking into life insurance policies. I asked our agent about partnership life insurance out of curiosity and realized it’s something more business…
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Choosing a new (or new-to-you) car is exciting, and one of the biggest financial decisions you’ll make. You may be wondering, “Should I lease or buy a car?” As such, you should consider all your options and how they’ll affect your lifestyle. What’s the most cost-effective way to drive the car you want? Choosing between…
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All good business owners know that time is a valuable asset, so you need ways to make accounting easier. Investing copious amounts of time into QuickBooks isn’t always the best option. We’re firm believers that you shouldn’t have to do a lot of data entry style accounting to reap the benefits of great financial information. There are several…
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We all know that accountants are the backbone of any financially successful business. They help keep both you and your money in check. Keeping that in mind, many people overlook the fact that your accountant sees anything and everything you purchase with company funds. Yes – everyTHING…and everyWHERE. Nothing is more entertaining to me on a Monday than seeing exactly how much fun…
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Controllers have a reputation for being stressed out, anti-social and negative. Some think it’s because they deal with numbers and a calculator all day, but it’s much more complicated than that! Consider what your Controller does (or should be doing) for your business before giving them a hard time: 1. One Department To Serve Many Your…
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